Shares of True North Commercial REIT (TSE:TNT.UN - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.81 and traded as low as C$9.57. True North Commercial REIT shares last traded at C$9.63, with a volume of 19,455 shares traded.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Canaccord Genuity Group boosted their price objective on True North Commercial REIT from C$9.00 to C$12.00 and gave the company a "hold" rating in a research note on Monday, September 23rd. CIBC boosted their target price on True North Commercial REIT from C$9.50 to C$11.25 in a report on Monday, November 18th.
Read Our Latest Stock Analysis on TNT.UN
True North Commercial REIT Trading Down 1.1 %
The firm has a market cap of C$139.25 million, a P/E ratio of -2.97 and a beta of 1.57. The company has a debt-to-equity ratio of 175.73, a quick ratio of 0.06 and a current ratio of 0.14. The firm has a fifty day moving average of C$10.79 and a 200-day moving average of C$10.81.
About True North Commercial REIT
(
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True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires Canadian commercial real estate properties. Its objective is to maximize total returns to unitholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties.
Further Reading
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